Lenovo’s Latest Quarterly Reports Show Net Loss While Restructuring

While Lenovo is focused on turning their smartphone division into a profitable one, things didn’t look good for the Chinese OEM during the previous quarter of 2015. With $12.2 billion in reported revenue, the company ended up losing $714 million (while analysts had expected to see a loss of $803 million). The company says its restructuring plan will exceed their plans of saving $1.35 billion in annual cost.

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